Edmonton mixed-use building sells for $100M

Multi-family rental complex has 238 units and nearly 25,000 square feet of retail on the ground floor

By
for Western Investor
December 20, 2019





DD Edmonton multi-family 10823 Jasper 1227

The Mayfair, a three-year-old, mid-rise, 238-unit multi-family complex in Edmonton with nearly 25,000 square feet of main-floor retail, has sold for $100 million.

Breakdown:

Property type: Mixed-use, multi-family rental with retail

Location: 10803 Jasper Avenue, Edmonton, Alberta

Number of units: 238

Retail space: 24,901 square feet

Retail units: 10

Built in: 2016

Sale price: $100 million

Brokerage: Marcus & Millichap (in conjunction with CBRE), Edmonton

Broker: Bradley Gingerich


Bradley Gingerich is senior managing director of investments at IPA, a division of Marcus and Millichap.

Institutional Property Advisors
Suite 3400, 10180 101 Street
Edmonton, AB T5J 3S4
Direct: 587-756-1575

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